Investing.com - Heidelbergcement reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Heidelbergcement announced earnings per share of €3.12 on revenue of €4.89B. Analysts polled by Investing.com anticipated EPS of €2.13 on revenue of €4.82B.
Heidelbergcement shares are down 21% from the beginning of the year, still down 21.97% from its 52 week high of €70.02 set on December 13, 2019. They are outperforming the ATX which is down 32.35% from the start of the year.
Heidelbergcement follows other major Capital Goods sector earnings this month
Heidelbergcement's report follows an earnings missed by MTU Aero on October 28, who reported EPS of €1.01 on revenue of €907.8M, compared to forecasts EPS of €1.2 on revenue of €882.38M.
Kion Group AG had beat expectations on October 27 with third quarter EPS of €0.72 on revenue of €2.07B, compared to forecast for EPS of €0.49 on revenue of €2.06B.
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